Common use of Capital Transaction Clause in Contracts

Capital Transaction. “Capital Transaction” means (i) the sale, lease, exchange, condemnation, casualty or other disposition of the Company’s Business or any of its assets, whether voluntary or involuntary; and (ii) any financing or refinancing of the Company’s assets or other Company borrowing, except for credit purchases of goods and services on a current basis and in the ordinary course of Business.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solar Power, Inc.)

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Capital Transaction. Capital Transaction” means " shall mean (i1) any transaction pursuant to which the salePartnership borrows funds, lease, exchange, condemnation, casualty all or other disposition part of the Company’s Business Partnership's properties are sold, condemned, exchanged, abandoned or any otherwise disposed of its assets, whether voluntary or involuntary; and (ii) any financing or refinancing of the Company’s assets or other Company borrowing, except for credit purchases of goods and services on a current basis and in the ordinary course of Businessthe Partnership's business, insurance proceeds or other damages are recovered by the Partnership or any other transaction which, in accordance with generally accepted accounting principles, is considered capital in nature (including, without limitation, any transaction that is entered into in connection with, or results in, the Liquidation of the Partnership).

Appears in 1 contract

Samples: Limited Partnership Agreement

Capital Transaction. The term “Capital Transaction” means (i) the sale, lease, exchange, condemnation, casualty exchange or other disposition of the Company’s Business or any of its assetsOwner’s property, whether voluntary or involuntary; and (ii) any financing or the refinancing of the Companyany of Owner’s assets property or other Company borrowing, except for credit purchases casualty damage to or condemnation of goods and services on a current basis and in the ordinary course any of BusinessOwner’s property.

Appears in 1 contract

Samples: Management Agreement (CNL Healthcare Trust, Inc.)

Capital Transaction. Capital Transaction" means (ia) the a sale, lease, exchange, condemnation, casualty or other disposition of all or substantially all of the Company’s Business Partnership Property for value (including an involuntary conversion by condemnation, casualty, or otherwise), (b) the incurrence by the Partnership of indebtedness for borrowed money or (c) the refinancing of any existing or replacement indebtedness for borrowed money, or any of its assets, whether voluntary or involuntary; and (ii) any financing or refinancing of the Company’s assets or other Company borrowing, except for credit purchases of goods and services on a current basis and in the ordinary course of Businesspart thereof.

Appears in 1 contract

Samples: Limited Partnership Agreement (Standard Parking Ii LLC)

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Capital Transaction. The term “Capital Transaction” means (i) the sale, lease, exchange, condemnation, casualty exchange or other disposition of the Company’s Business or any of its assetsFacility, whether voluntary or involuntary; and (ii) any financing or the refinancing of the Company’s assets Facility or other Company borrowing, except for credit purchases casualty damage to or condemnation of goods and services on a current basis and in the ordinary course of BusinessFacility or any part thereof.

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

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